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Old 14-01-2019, 20:40   #1
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Join Date: Jun 2012
Location: Port Aransas, Texas
Boat: 2019 Seawind 1160 Lite
Posts: 1,547
American Modern Insurance Group

Am shopping insurance for a new-build catamaran. Declared value policy, no claims, no lien, very good credit. Got a good quote from Chubb/Ace with annual premium about 1.25% of value. BoatUS at 3% of value and limited coverage valuation to about 65% of boat actual invoice. American Modern came in with policy that looks similar to Chubb, but premium at 0.7% of boat value. Agent says AM Best rated A+ and recommends them, even though his opinion Chubb is best, but not worth the difference. Anyone have experience with American Modern yacht policy, especially claims?
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